
Commerce.Asia Group continues to grow strength to strength amid Asia's e-commerce boom
THE Commerce.Asia Group has continued to power ahead as Malaysia's e-commerce industry surges into a new era of growth.
Key to this strong momentum are innovations from within the group, particularly through CommercePay which simplifies digital payments for businesses of all sizes and LetMeStore whose smart warehousing solutions – including robotics and automated fulfilment – are transforming how brands manage logistics.
Such strengths not only reflect Commerce.Asia's technological depth but also the rising maturity of Malaysia's digital economy where online shopping has become a way of life for millions of consumers.
According to group CEO Kuna Kathigesan, internal studies indicate that Malaysia's e-commerce market is currently valued at over RM51.73 bil and is projected to nearly double to RM101.35 bil by 2030 or growing at a compound annual rate of 14.3%.
'Smartphone penetration now exceeds 89% with more than 18 million Malaysians are expected to shop online by 2029,' he told the media on the sidelines of the OHSEM Marketing 360 event held recently at the World Trade Centre Kuala Lumpur.
'With digital behaviour increasingly normalised, e-commerce is no longer a niche channel but a core part of the nation's retail infrastructure.'
Billed as Malaysia's largest integrated showcase of marketing and AI technologies, the event brought together over 2,000 professionals across digital marketing, branding, e-commerce and enterprise solutions.
Commerce.Asia participated as the official e-commerce partner by anchoring key sessions and running hands-on product demos through its CommercePay unit.
'The entire theme of the event – smart marketing, smart technology, smart commerce – aligns with what we have built at Commerce.Asia,' justified CommercePay general manager Patricia Silvanus.
'We showed how you can go from campaign ideation all the way to order fulfilment and last-mile delivery – all within our ecosystem.
'That's the level of integration we offer – including robotic warehousing capabilities through LetMeStore which automates storage, picking and packing to help businesses scale faster.'
In addition to CommercePay and LetMeStore, the Commerce.Asia's group platform also includes SiteGiant, BizApp and Commerce.Asia Enterprise, among others.
Collectively, they serve more than eight million SMEs across seven ASEAN markets by offering a unified stack of services spanning omnichannel storefronts, social commerce tools, logistics management and payment integration.
This scale and inter-connectedness are what allows the Commerce.Asia Group to support clients at every stage of their digital journey – from micro-sellers to regional brands.
As online retailers continues to expand their share of the total retail market – now estimated between 10% and 15% – the group is positioning itself as the default digital growth partner for Malaysian businesses.
'The line between offline and online retail has blurred,' observed Kuna. 'At Commerce.Asia, we are empowering brands bridge that divide by offering a unified ecosystem that connects physical retail operations with digital storefronts, payments and fulfilment so businesses can meet customers wherever they are.'
He added: 'Our mission is to level that playing field so that any business – regardless of size – can plug into the digital economy and thrive seamlessly and effortlessly.' – June 23, 2025
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New Straits Times
an hour ago
- New Straits Times
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"These innovations would enhance sustainability while strengthening Malaysia's position in the global palm oil supply chain," he added. Meanwhile, Associate Professor Dr Amirul Afif Muhamat from Universiti Teknologi MARA's (UiTM) Faculty of Business and Management said that while a surge in palm oil prices benefits smallholders and large plantation companies, the sudden spike can be too drastic for importers. "I believe the actions taken by Indian importers were anticipated by players and authorities in the palm oil industry. That said, I expect this situation to be temporary, as prices are likely to return to normal range. Consequently, demand should stabilise as well," he told Bernama. In addition, he said that the government, through agencies such as the Malaysian Palm Oil Board and Malaysian Palm Oil Council, as well as the Ministry of Investment, Trade and Industry and the Ministry of Plantation and Commodities, will continue to actively explore new export markets. 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Barnama
an hour ago
- Barnama
Palm Oil Players Should Hedge, Diversify Downstream -- Economist
He was responding to reports of Indian refiners cancelling orders for 65,000 metric tonnes of crude palm oil (CPO) for July to September deliveries amid a recent surge in benchmark prices. KUALA LUMPUR, June 24 (Bernama) -- Malaysian palm oil producers must intensify hedging efforts and expand downstream to mitigate the risk of sudden price volatility, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. 'By participating in the Bursa Malaysia futures market, producers can hedge against unfavourable price movements. One of the most effective strategies, he noted, is the use of financial instruments such as derivatives. Mohd Afzanizam said that in the face of increasing market volatility, palm oil producers should adopt proactive risk management tools to safeguard their income streams. 'They enable producers to plan better, protect their margins, and maintain stability in operations, even during periods of price turbulence,' he explained. Such hedging mechanisms, he said, are not merely speculative tools but essential components of a sound financial strategy. 'This allows them to lock in selling prices for future deliveries, thereby reducing exposure to sharp fluctuations in the global palm oil market and providing greater financial predictability,' he told Bernama. He said that the cancellations by Indian buyers, who account for 17.9 per cent of Malaysia's total palm oil exports, have amplified concerns over the industry's over-reliance on a single major market. 'This development highlights the urgency for Malaysia to diversify its export base and explore untapped or underutilised markets to cushion against similar shocks in the future,' he said. The other top five destinations are China, which currently takes up 8.2 per cent of Malaysia's palm oil exports, followed by the European Union (7.7 per cent), Kenya (7.5 per cent), and Turkiye (5.4 per cent). 'Strengthening trade ties with these markets and expanding our footprint within them would be a logical and relatively accessible step -- a low-hanging fruit -- for Malaysia, especially in the current environment where resilience and adaptability are critical,' he said. Mohd Afzanizam said that further integration into downstream activities such as oleochemicals and biodiesel could help stabilise earnings by ensuring steady demand from industrial users. Better Inventory and Logistics Planning On improving supply chain resilience, he proposed that key stakeholders, including producers, refiners, and government agencies collaborate through shared digital platforms that provide real-time supply and demand data. 'This would support better inventory and logistics planning, including optimising replanting timelines. 'To foster long-term market stability, a comprehensive replanting strategy is essential. As oil palm trees typically require three to four years before yielding fruit, a well-planned replanting cycle would help regulate supply and reduce extreme price fluctuations. 'Supply-side discipline via structured replanting could provide the market with signals on production trends, allowing price adjustments to occur in a more orderly fashion,' he said. He also highlighted the importance of adopting precision agriculture technologies such as satellite imaging and drone surveillance, which would improve crop yield, reduce inefficiencies, and ultimately enhance cost management. In addition, he encouraged joint research and development initiatives with universities and research institutions, particularly in the areas of yield improvement, zero-waste technologies, and carbon capture. 'These innovations would enhance sustainability while strengthening Malaysia's position in the global palm oil supply chain,' he added. 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He said that high palm oil prices generally reflect confidence in the commodity and translate to improved earnings for oil palm cultivators. 'Nevertheless, sudden disruptions are undesirable for any market participant. 'This is why financial risk management tools, especially derivatives, are essential, and managing the supply chain is also central to stabilising prices," he added. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial


The Sun
2 hours ago
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